Brokerages expect that Nuance Communications, Inc. (NASDAQ:NUAN) will report $0.15 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Nuance Communications’ earnings. The lowest EPS estimate is $0.14 and the highest is $0.18. Nuance Communications reported earnings per share of $0.41 in the same quarter last year, which would suggest a negative year-over-year growth rate of 63.4%. The firm is expected to announce its next earnings report on Thursday, November 16th.
On average, analysts expect that Nuance Communications will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.03. For the next year, analysts forecast that the firm will report earnings of $1.11 per share, with EPS estimates ranging from $1.07 to $1.24. Zacks’ earnings per share averages are an average based on a survey of analysts that cover Nuance Communications.
Nuance Communications (NASDAQ:NUAN) last issued its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.09). Nuance Communications had a negative net margin of 3.38% and a positive return on equity of 14.73%. The firm had revenue of $495.60 million during the quarter, compared to analysts’ expectations of $495.57 million. During the same quarter in the prior year, the firm posted $0.38 EPS. Nuance Communications’s quarterly revenue was up 2.2% compared to the same quarter last year.
NUAN has been the topic of several recent analyst reports. Zacks Investment Research raised Nuance Communications from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub downgraded Nuance Communications from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $25.00 target price on shares of Nuance Communications in a research note on Monday, June 12th. Morgan Stanley reiterated an “equal weight” rating and set a $18.00 price target (down from $19.00) on shares of Nuance Communications in a research report on Tuesday, July 25th. Finally, Raymond James Financial, Inc. lowered their price target on Nuance Communications from $24.00 to $22.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Nuance Communications presently has an average rating of “Hold” and an average price target of $20.11.
In related news, insider Daniel David Tempesta sold 7,500 shares of Nuance Communications stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $17.42, for a total value of $130,650.00. Following the transaction, the insider now directly owns 283,810 shares in the company, valued at approximately $4,943,970.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 21,500 shares of company stock worth $364,785. 1.67% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank grew its holdings in shares of Nuance Communications by 0.7% in the 1st quarter. Comerica Bank now owns 12,581 shares of the software maker’s stock worth $224,000 after acquiring an additional 90 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of Nuance Communications by 1.3% in the 2nd quarter. Moors & Cabot Inc. now owns 11,215 shares of the software maker’s stock worth $193,000 after acquiring an additional 140 shares during the last quarter. Ledyard National Bank grew its holdings in shares of Nuance Communications by 4.8% in the 2nd quarter. Ledyard National Bank now owns 7,160 shares of the software maker’s stock worth $125,000 after acquiring an additional 330 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Nuance Communications by 1.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 30,900 shares of the software maker’s stock worth $535,000 after acquiring an additional 400 shares during the last quarter. Finally, Sicart Associates LLC grew its holdings in shares of Nuance Communications by 0.5% in the 2nd quarter. Sicart Associates LLC now owns 86,925 shares of the software maker’s stock worth $1,513,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.
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Shares of Nuance Communications (NUAN) traded up 1.13% during midday trading on Friday, reaching $16.05. The company’s stock had a trading volume of 1,101,399 shares. The firm’s market capitalization is $4.63 billion. Nuance Communications has a 1-year low of $13.44 and a 1-year high of $19.93. The company’s 50-day moving average price is $16.18 and its 200 day moving average price is $17.34.
Nuance Communications Company Profile
Nuance Communications, Inc is a provider of voice recognition and natural language understanding solutions. The Company’s segments include Healthcare, Mobile, Enterprise and Imaging. The Healthcare segment provides clinical speech and clinical language understanding solutions. The solutions for the Healthcare segment include transcription solutions, Dragon Medical, and clinical document improvement (CDI) and coding solutions.
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